Shaun Donovan, Secretary of Housing and Urban Development, said Sunday the housing market's July woes were "worse than expected" and the administration might support a new homebuyer tax credit.

In an interview on CNN, Donovan said the administration is "concerned" about the path of the industry. He defended the Obama administration's record on supporting the housing market, amid new signs the market is struggling alongside the broader economy.

Donovan did not rule out a further homebuyer tax credit to support the market. Congress passed a homebuyer tax credit to support first-time buyers. The credit has now expired.

Victor Joecks is executive vice president at the Nevada Policy Research Institute and oversees the execution of NPRI's strategic plan and policy initiatives. These efforts have included NPRI successfully informing voters about the destructive impact of tax increase ballot measure, creating TransparentCalifornia.com, which has received over 40 million page views and running campaigns that have decreased union members by thousands, including expanding that effort into a national coalition of over 100 organizations.